The FREEDOM to do as you wish
Would you like to have the choice to be able to do what you want to do with your life because you don’t have to worry about money?
Wouldn’t life be great?
What would you do with your time?
Let’s work out what financial FREEDOM is for you.
The first question is. How much money do you need to earn now to survive?
Let’s say it’s £50,000.
If you multiply this by 25 the number becomes £1,250,000. If you invested this sum and inflation was 3% and you achieved an interest on your money of 7.5% you could draw down £50,000 per year forever without spending the capital. In fact the capital would grow. This is conservative as I am only showing you the principle. You can work out reality yourself.
Is this achievable?
Yes you should get a yield of 10% from rental income from property. There are many investment opportunities. You just need to plan carefully. How do I know? I have done it.
Now think a little bigger. How does an income of £100,000 per year sound?
Multiply this by 25 and the number becomes £2,5000,000.
This number will make life very nice.
So, how do you achieve financial FREEDOM?
If you are reading this you are probable in business or thinking about being in business. The answer is very easy. You build your business to sell it for £2.5m or £5m or £7.5m or £10m. The number depends on how many partners you have in your business.
If you have a solid business you should be able to grow and sell within five years.
How do you add real value to your business?
There are three critical success factors:
1) High quality customers with growing sales
A business with high quality customers that are loyal, give you repeat business and do your marketing for you by word of mouth are a great asset to your business.
2) Sustainable and growing profits
A business that constantly delivers sustainable profits year on year and gives a good return on investment has value.
3) A business that runs without you
A business that runs without you being there, has a quality management team and processes & systems that delivers your customer promise constantly and predictably, has value.
Setting your goal
To build a business with value, that has a decisive, competitive edge and the capability to grow year on year in a big enough market, without taking any real risks.
Conditions of success
To achieve the three critical success factors you need to have necessary conditions in place, for example:
- Effective sales
- Effective marketing
- A competitive edge
- Excess production capacity
- Top quality
- Top customer service
- Superior people
- A great leader
- Processes and systems
- Effective operations
- Good waste control and lean working
- Optimised inventory
Your Next Step
What you do next can either change your life or continue it on the same path. The choice is yours.
Your options are:
The red pill – Build a business for growth and sell for financial freedom
The blue pill – Continue to do what you have always done
If you select the red pill, I would recommend you hold a strategy day with your team and begin to map out your plan. If you would like some support with this. It is exactly what I do best. I can share my knowledge with you, your team and get the process kick started.
It’s now your choice.
Your Ideal Business Partner